Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
Kiss the elevator pitch goodbye — at least if it takes place in an elevator. Change is coming to the daily vertical commute, as workers begin to return to tall office buildings in New York and other cities. The elevator ride, a previously unremarkable 90 or so seconds, has become a daunting puzzler in the calculus of how to bring people back to work safely after the coronavirus pandemic kept them
PlaceTech.
The FTSE 250 commercial property investment company will deploy MRI’s property management technology platform across its operations in the UK, Germany and France. CLS will leverage the MRI solution to rationalise its property and finance processes and systems to improve business agility and overall efficiency, and to enable its business growth strategy to be achieved in a cost-effective manner….
Colliers
The Global Financial Crisis has been credited with accelerating FinTech and transforming the previously stagnant financial sector. Now COVID-19 is set to do the same with PropTech in commercial real estate, and the effects will be even more far reaching. One of the advantages of coming after FinTech is that lessons have been learnt about not being seduced by buzzwords and superfluous solutions. Before the pandemic brought about social distance…
PlaceTech.
Joining Paul Unger, editor of PlaceTech, is Mark Furness, founder and CEO of essensys, which supplies mission-critical software to some of the biggest operators and space providers in the flexible office market.
Housingwire
Sundae, a residential real estate marketplace that pairs sellers of distressed property with potential buyers, has raised $16.55 million in Series A funding. QED Investors led the round, which also included participation from PayPal co-founder Peter Thiel’s Founders Fund, Susa Ventures, as well as a group of unnamed real estate and fintech investors and entrepreneurs. The financing brings San Francisco-based Sundae’s total raised to just over $19.7 million since its August 2018 inception, accord…
Venture Beat
Elementary Robotics, a robotics company developing tools to automate industrial tasks, today announced it has raised a $12.7 million round. The fresh capital will be used to deploy the Los Angeles-based startup’s automation products at scale, a spokesperson told VentureBeat.
Bloomberg
Microsoft Corp. and its LinkedIn unit will provide free job training to help unemployed workers prepare for in-demand jobs as the global pandemic pushes U.S. joblessness to levels as bad as those during the Great Depression.
Venture Beat
Refraction AI, a company developing semi-autonomous delivery robots, today began handling select customers’ orders from Ann Arbor, Michigan’s Produce Station. This marks the startup’s first foray into grocery delivery after the launch of its restaurant delivery service. The move comes as Refraction reports a 3-4 times uptick in pandemic-related demand.
Ted
Cities are engines of culture, commerce, knowledge and community, but they’re also centers of inequality and poverty. As the world rebuilds from the coronavirus pandemic, can we transform cities into bastions of equity and sustainability?
The Real Deal
Developers pivot from broker happy hours to drive-thrus, virtual sales launch events and more. 50 industrial brokers attended caravan tour of … …
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